Copper theft has been running rampant across the U.S for years, with everything from plumbing to cabling being stolen and sold as scrap. So as security tightens at building sites, thieves and junkies are turning to the copper cabling in electric car chargers to make a buck.
The price of copper has skyrocketed in the last decade, trading at around 80 cents a pound in 2004 and now hovering right around $3. During that same time, metal theft has increased over 80 percent, according to the National Insurance Crime Bureau. And the American Supply Association estimates damages to businesses to top $900 million annually.
Transport Evolved is reporting about a recent spate of thefts in Vancouver, BC, where several charging stations have been vandalized, sometimes more than once. The perps are reportedly using bolt cutters to clip the cables, and because the amount of copper inside is relatively small, it doesn't sound the alarm at scrapyards.